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Media
GIANT container carrier MSC has taken delivery of the 13,800 TEU MSC Daniella from Samsung Heavy Industry Shipyard, South Korea this week. The newbuilding is built to Germanischer Lloyd rules and is the largest GL containership. The MSC Daniella incorporates many novel design features and a return tot he large scale use of high tensiel steel (HTS...
THE US Coast Guard is proposing to expand the applicability of notice of arrival and departure (NOAD) and automatic identification system (AIS) requirements to more commercial vessels. This proposed rule would expand the applicability of AIS requirements, beyond Vessel Traffic Service (VTS) areas, to all US navigable waters and require AIS carriage for ad...
The council of the joint-stock company Ventspils nafta (Ventspils Oil, VN) has decided to sell most of its businesses to the joint-stock shipping company Latvijas kugnieciba (LK), where VN is a shareholder. As representatives of both companies told BC on a press conference yesterday, the amount of the deal is LVL 82.7 million. LK will be sold VN's prop...
The Japanese shipping giant NYK Line will reduce spending for new ships by about 15 per cent for the coming three years. NYK previously planned to invest USD 13.5–14.7 billion to expand its fleet, the spending includes both newbuildings and chartered tonnage, but the company has now decided to reduce the investment by USD 1.7–2.25 billion. NYK Li...
At least five bulk carrier owners have filed lawsuits against Australian Fortescue for a total of USD 135 million, after the mining company’s announcement that it will cancel charter parties due to unforeseen circumstances. Many of the charters were fixed when charter rates were at their highest levels earlier this year. The lawsuits have been filed ...
Atlantic Container Line and its parent company, the Grimaldi Group, said this week they have begun a roll-on/roll-off service from the United States and Canada to Beirut, Lebanon. Cargo will be transferred between ACL and Grimaldi vessels at a Grimaldi-owned terminal in Hamburg that is used by both carriers. The weekly service offers f...
Shipping lines in the Transpacific Stabilization Agreement met in Hong Kong this week to discuss recent rate instability and competitive actions by carriers that have taken some Asia-U.S. freight rates to non-remunerative levels, the members said. In a move to seemingly send a message to shippers that rates will go up in April contract negotiation...
COSCO Pacific has said it is increasing its share in the Suez Canal Container Terminal, which it jointly owns with APM Terminals from US$137.5 million to $185.6 million. Having already boosted investment in the terminal from $68.8 million, the Chinese terminal operator said the reason for renewed investment was increasing building costs of the ne...
Port of Tallinn is the biggest port authority in Estonia and as far as both cargo and passenger traffic are taken into account, the biggest port on the shores of the Baltic Sea.
Qingdao Saint Voyage Logistics Inc. (SVL) is an Experienced International Shi
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